CHATTANOOGA, Tenn. (AP) — CHATTANOOGA, Tenn. (AP) — Unum Group (UNM) on Tuesday reported first-quarter net income of $358.3 million.
On a per-share basis, the Chattanooga, Tennessee-based company said it had profit of $1.80. Earnings, adjusted for non-recurring costs, were $1.87 per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.
The insurance company posted revenue of $3.04 billion in the period, which did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $3.06 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a UNM">Zacks stock report on UNM at https://www.zacks.com/ap/UNM